Last night I turned on my computer and was shocked to see such depressing news on Valentine's Day. The school shooting at Northern Illinois University is a sad reminder of how just 1 depressing action can affect everyone around the world.
Depressing times don't call for depressing actions! Did you know the number one reason people aren't buying right now is because the media and some agents have been telling their clients that they should wait. Guess what-- that's part of the problem.
With everyone saying wait til the spring to buy, people are actually hurting the economy and that home they want to buy. This is also a time to remember that keeping the sales price higher and giving other incentives is the way to go. Why contribute to the drop in home values when you can help your clients and their future neighborhoods by keeping that list price stable. Yes, that home might not sell in 10 days but if the house is in a good location and has been priced where it should be-- the home will sell. Please don't take drastic measures by dropping prices so you can quickly bring home a paycheck for yourself. That's not the answer. In the end, those deep price drops only hurt ALL of us!
Although last night Alan Greenspan said he thinks the housing market will continue to erode until the cause of the deterioration ends.
"Where all the problem is coming from is the continuous marking down of the value of those subprime securities," he said. "Until we stablize the price levels of home... you're going to continously get loss estimates" from banks and other financial institutions.
If you have buyers waiting to buy, please remind them that now is the time to buy before the good homes go quickly because once all the buyers come out of those gates ready to buy that perfect home might already be gone.
Thanks fellow agents for thinking about this and helping our economy bounce back.
Kelly Blake
Atlanta REALTOR
678-587-4519
http:KellyBlake.com
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